• About
  • Blog
  • Best Brokers Worldwide
  • Contact
  • Home
  • Forex
    A quiet start to the third quarter ahead of key data releases

    A quiet start to the third quarter ahead of key data releases

    Forex Today: Calm ahead of the ECB storm

    Forex reserves still ample

    Forex Today: Calm ahead of the ECB storm

    Forex Today: Calm ahead of the ECB storm

    Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

    Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

    Forex Today: Economic uncertainty spurs volatility

    Forex Today: Economic uncertainty spurs volatility

    Russia Considers Allowing Crypto for International Payments (Report)

    Russia Considers Allowing Crypto for International Payments (Report)

    Australian Dollar Outlook: AU-US Yield Spreads the Driver, Will it Steer AUD/USD Up?

    Australian Dollar Outlook: AU-US Yield Spreads the Driver, Will it Steer AUD/USD Up?

    US Dollar Outlook: USD, USD/JPY, EUR/USD Key Levels

    US Dollar Outlook: USD, USD/JPY, EUR/USD Key Levels

    Euro Q4 Fundamental Forecast: More Euro Weakness Likely Lies Ahead

    Euro Q4 Fundamental Forecast: More Euro Weakness Likely Lies Ahead

  • Education
    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    EUR/AUD BREAKOUT COULD GROW LEGS

    EUR/AUD BREAKOUT COULD GROW LEGS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

    GOLD PRICE REBOUND UNRAVELS AS TRUMP SEEKS POST-ELECTION STIMULUS BILL

    GOLD PRICE REBOUND UNRAVELS AS TRUMP SEEKS POST-ELECTION STIMULUS BILL

    JAPANESE YEN FORECAST: MOMENTUM PUSHING JPYCROSSES HIGHERLEVELS FOR EUR/ JPY, GBP/JPY, USD/ JPY

    JAPANESE YEN FORECAST: MOMENTUM PUSHING JPYCROSSES HIGHERLEVELS FOR EUR/ JPY, GBP/JPY, USD/ JPY

  • Commodities
    CME looks to lure retail traders with daily options frowned on in Europe

    CME looks to lure retail traders with daily options frowned on in Europe

    The traders earning $6m+ outside banks and hedge funds

    The traders earning $6m+ outside banks and hedge funds

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    Shell Impairments Support Bearish Market

    Shell Impairments Support Bearish Market

  • Cryptocurrencies
    How ETF investors can bet on the crypto crash

    How ETF investors can bet on the crypto crash

    ‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get?

    ‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get?

    SBF and Alameda step in to prevent crypto collapse contagion

    SBF and Alameda step in to prevent crypto collapse contagion

    Why the crypto market crash may play in Bitcoin’s favour

    Why the crypto market crash may play in Bitcoin’s favour

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    Indonesian Exchange Pintu Raises $113M to Be ‘Coinbase of Southeast Asia’

    Indonesian Exchange Pintu Raises $113M to Be ‘Coinbase of Southeast Asia’

    Forex Today: Risk-on flows weighed on the dollar

    Forex Today: Risk-on flows weighed on the dollar

    Binance’s Bahrain License Upgraded for More Crypto Services

    Binance’s Bahrain License Upgraded for More Crypto Services

    The Crypto Daily – Movers and Shakers

    The Crypto Daily – Movers and Shakers

FX Access
  • Home
  • Forex
    A quiet start to the third quarter ahead of key data releases

    A quiet start to the third quarter ahead of key data releases

    Forex Today: Calm ahead of the ECB storm

    Forex reserves still ample

    Forex Today: Calm ahead of the ECB storm

    Forex Today: Calm ahead of the ECB storm

    Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

    Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

    Forex Today: Economic uncertainty spurs volatility

    Forex Today: Economic uncertainty spurs volatility

    Russia Considers Allowing Crypto for International Payments (Report)

    Russia Considers Allowing Crypto for International Payments (Report)

    Australian Dollar Outlook: AU-US Yield Spreads the Driver, Will it Steer AUD/USD Up?

    Australian Dollar Outlook: AU-US Yield Spreads the Driver, Will it Steer AUD/USD Up?

    US Dollar Outlook: USD, USD/JPY, EUR/USD Key Levels

    US Dollar Outlook: USD, USD/JPY, EUR/USD Key Levels

    Euro Q4 Fundamental Forecast: More Euro Weakness Likely Lies Ahead

    Euro Q4 Fundamental Forecast: More Euro Weakness Likely Lies Ahead

  • Education
    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    EUR/AUD BREAKOUT COULD GROW LEGS

    EUR/AUD BREAKOUT COULD GROW LEGS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

    GOLD PRICE REBOUND UNRAVELS AS TRUMP SEEKS POST-ELECTION STIMULUS BILL

    GOLD PRICE REBOUND UNRAVELS AS TRUMP SEEKS POST-ELECTION STIMULUS BILL

    JAPANESE YEN FORECAST: MOMENTUM PUSHING JPYCROSSES HIGHERLEVELS FOR EUR/ JPY, GBP/JPY, USD/ JPY

    JAPANESE YEN FORECAST: MOMENTUM PUSHING JPYCROSSES HIGHERLEVELS FOR EUR/ JPY, GBP/JPY, USD/ JPY

  • Commodities
    CME looks to lure retail traders with daily options frowned on in Europe

    CME looks to lure retail traders with daily options frowned on in Europe

    The traders earning $6m+ outside banks and hedge funds

    The traders earning $6m+ outside banks and hedge funds

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    Shell Impairments Support Bearish Market

    Shell Impairments Support Bearish Market

  • Cryptocurrencies
    How ETF investors can bet on the crypto crash

    How ETF investors can bet on the crypto crash

    ‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get?

    ‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get?

    SBF and Alameda step in to prevent crypto collapse contagion

    SBF and Alameda step in to prevent crypto collapse contagion

    Why the crypto market crash may play in Bitcoin’s favour

    Why the crypto market crash may play in Bitcoin’s favour

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    Indonesian Exchange Pintu Raises $113M to Be ‘Coinbase of Southeast Asia’

    Indonesian Exchange Pintu Raises $113M to Be ‘Coinbase of Southeast Asia’

    Forex Today: Risk-on flows weighed on the dollar

    Forex Today: Risk-on flows weighed on the dollar

    Binance’s Bahrain License Upgraded for More Crypto Services

    Binance’s Bahrain License Upgraded for More Crypto Services

    The Crypto Daily – Movers and Shakers

    The Crypto Daily – Movers and Shakers

FX Access
No Result
View All Result

USD/CAD SLIDES TO TWO-WEEK LOWS AMID SOFTER USD RALLYING OIL PRICES

poweradmin by poweradmin
May 12, 2022
Home Economic
Share on FacebookShare on Twitter

The USD/CAD pair remained depressed through the early European session and dropped to two-week lows, around the 1.3265 region in the last hour.

The pair failed to capitalize on the previous session’s modest gains and met with some fresh supply on the first day of a new week, marking the third day of a negative move in the previous four. The downtick was sponsored by a combination of factors, including a mildly weaker tone surrounding the US dollar and a goodish pickup in crude oil prices.

Positive news about US President Donald Trump’s coronavirus infection boosted investors’ confidence and triggered a fresh wave of the global risk-on trade. The upbeat market mood undermined the greenback’s relative safe-haven status, which, in turn, was seen as one of the key factors exerting pressure on the USD/CAD pair.

Trump’s health update eased some of the political uncertainty helped offset concerns over risking oil supply in the market. Oil prices rallied around 3% for the day, which underpinned the commodity-linked currency – the loonie – and further contributed to the USD/CAD pair’s downtick through the first half of the trading action on Monday.

Market participants now look forward to the US economic docket, highlighting the release of ISM Non-Manufacturing PMI. This, along with the broader market risk sentiment, might influence the USD price dynamics and produce some meaningful trading opportunities later during the early North American session.

poweradmin

poweradmin

Next Post
USD/JPY: DESCENDING CHANNEL REMAINS INTACT

USD/JPY: DESCENDING CHANNEL REMAINS INTACT

Please login to join discussion

Recommended.

How ETF investors can bet on the crypto crash

How ETF investors can bet on the crypto crash

July 6, 2022
A quiet start to the third quarter ahead of key data releases

A quiet start to the third quarter ahead of key data releases

July 4, 2022
CME looks to lure retail traders with daily options frowned on in Europe

CME looks to lure retail traders with daily options frowned on in Europe

July 1, 2022
The traders earning $6m+ outside banks and hedge funds

The traders earning $6m+ outside banks and hedge funds

June 29, 2022
‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get?

‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get?

June 25, 2022
FX Access


FX Access tells you what’s new in politics, investment and economic, why it matters, how it works and what you need.

Follow Us

Categories

  • Commodities
  • Cryptocurrencies
  • Economic
  • Education
  • Forex

Recent News

How ETF investors can bet on the crypto crash

How ETF investors can bet on the crypto crash

July 6, 2022
A quiet start to the third quarter ahead of key data releases

A quiet start to the third quarter ahead of key data releases

July 4, 2022
  • About
  • Blog
  • Best Brokers Worldwide
  • Contact

© 2022 FX Access | All rights reserved.

No Result
View All Result
  • Home
  • Forex
  • Education
  • Commodities
  • Cryptocurrencies

© 2022 FX Access | All rights reserved.